. >> reporter: after weeks of preparation and months of anticipation, president obama and mitt romney meet face to face debating policy and differences of opinion. >> reporter: president obama and mitt romney tacted directly to one another meeting -- talked directly to one another. >> governor romney has a perspective that says, if we cut taxes, skew towards the wealthy and roll back regulation, that we'll be better off. i've got a different view. >> i don't want to cost jobs. my priority is jobs. so what i do is i bring down the tax rates. >> reporter: the republican nominee revealing his plan to reduce the deficit. >> what things would i cut from spending? i will eliminate all programs by this test. is the program so critical, it is worth borrowing money from china to pay for it. if not, i'll get rid of it. obamacare is on my list. i apologize, mr. president. >> governor romney at the beginning of this date said what we did in massachusetts could be a model for the nation. >> reporter: informing their plans for the future of america. >> as president of america, i will sit down with